Geopolitics28 August 2026

Six months of Middle East war drives Brent crude to $90, up from $70 pre-conflict average

via Reuters

The Middle East conflict disrupted Gulf production and Strait of Hormuz shipments, pushing Brent to $120 in April and averaging $90 in 2026 versus $70 last year. Higher oil boosts energy stocks but pressures equities and currencies sensitive to inflation. Safe-haven gold and bonds gained demand.

Original source

Reuters

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Six months of Middle East war drives Brent crude to $90, up from $70 pre-conflict average

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